SGDB No. 056/2014: Receipt of Operations Requests at the Central Bank of Bolivia

CIRCULAR EXTERNA OF THE CENTRAL BANK OF BOLIVIA La Paz, December 31, 2014 SGDB No. 056/2014

FROM: GENERAL MANAGEMENT
TO: ENTITIES OF THE FINANCIAL SYSTEM
IN GENERAL
SUBJECT: RECEIPT OF OPERATIONS REQUESTS AT THE CBB

Ladies and Gentlemen:

Starting January 2, 2015, entities of the financial system requesting operations at the Central Bank of Bolivia (CBB) must comply with the following provisions:

1. Receipt of General Correspondence Procedures

Correspondence procedures and operation requests will be received at the CBB's Single Correspondence Window (VUC) on all business days from 08:30 to 18:30.

2. Receipt of Operation Request Procedures

Operation requests will be received at the CBB's VUC in original format, with the necessary attached documentation for this purpose. They must be addressed to the corresponding operational Management and include in the header the applicable deadline hour, according to Annex 1 to this Circular.

Requests will only be received if the signatures and seals validating the documents on which they are presented are those established in this Circular.

3. Control of Authorized Signatures in Operation Requests

Only operation requests duly signed and sealed by personnel with signatures accredited at the CBB will be admitted. The replacement of signatures will not be accepted, nor will requests whose signatures or seals do not match the records held at the VUC. The VUC will verify the submission time of the requests and that the signatures endorsing them are accredited with the CBB.

The CBB's Operational Managements may reject requests when the presented documentation contains errors, alterations, is incomplete, due to insufficient funds, or when it does not meet the requirements and norms established to carry out the operations.

4. Accreditation of Authorized Signatures

The procedure to accredit authorized signatures will be submitted at the CBB's VUC, from Monday to Friday during the hours of 08:30 to 18:30.

The note for the accreditation of an authorized signature must be signed by the Highest Authority of the Entity, detailing the name and position of the official being accredited, attaching the Accreditation Card for authorized signatures provided by the CBB, the original document of their appointment or legalized photocopy, and a photocopy of the identity card.

Accreditations will be carried out for each account, and the denomination and account number must be indicated.

Accreditations of persons who are already accredited in another entity or in another position within the same entity will not be admitted, without the respective cancellation.

5. Documents Addressed to Treasury (Cashier)

Cash operation requests will be delivered directly to the Treasury Sub-Management according to the following schedule:

• Receipt of third-party checks: 13:00
• Withdrawal or deposit of cash in Bs or USD: 16:00
• Counter service for direct sale of securities: 18:00
• Sale of coins, sale of USD, securities operations, receipt of cash deposits from the general public: 18:00

All previous dispositions prior to this Circular are hereby repealed.

DET/SC/RPR/mlb

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ANNEX 1

DEADLINE HOURS FOR PROCESSING FINANCIAL SYSTEM OPERATIONS

AREA	TYPE OF OPERATION	DEADLINE FOR RECEIPT
GOM – SOMA	Request for credit to current account or reserve account at the order of the last holders for payment upon maturity of public securities and/or Early Cancellations.	12:00
	Authorization of debit to the current accounts or reserve accounts of the liquidating Bank for the amount of 2% of the nominal value awarded as guarantee, for financial entities that do not have accounts at the CBB.	12:00
	Authorization of debit by the Liquidating Bank for the placement of awarded securities for financial entities that do not have accounts at the CBB.	12:00
GOM – SOSP	Transfer Orders (OTs) for customs collections	15:00
GOI – SOE	Request from the financial system to purchase USD through the Exchange	16:00
GOM – SOSP	Transfers to MEFP accounts	17:00
GEF – SRRA	Request for Operations under FONDESIF Service Contract	18:00
GEF – SRRA	Request for BDP SAM and BUN operations	18:00
GEF – SSPSF	Operation Request - Report of Custody Funds for Legal Reserve (Annexes 1 and 2) General Consolidated (only in approved contingency of LIP)	18:00
GEF – SSPSF	Request for recoveries of CBB portfolio from correspondents	18:00
GEF – SSPSF	Request for transfer of funds from entities not participating in LIP to current and reserve accounts, current accounts and reserve accounts of the financial system	18:00
GEF – SSPSF	Requests and cancellations of liquidity credits with guarantee of the RAL Fund for non-participants of LIP	18:00
GEF – SSPSF	Transfer of funds from own accounts opened at the CBB by entities not participating in LIP	18:00
GEF – SSPSF	Request for transfer of funds/liquidity credits with guarantee of the RAL Fund by LIP participants (only in contingency)	18:00
GOM – SOMA	Sending by the EDV of the list of dematerialized securities to be paid	18:00
GOM – SOMA	Sending by the EDV of communication of maturity of dematerialized securities with list of last holders to be paid.	18:00
GOM – SOMA	Sending by the EDV of the report of Cancellation of Dematerialized Securities.	18:00